Escolar Documentos
Profissional Documentos
Cultura Documentos
S.No 1
Topics CURRENT MARKETING SITUATION Market Description Product Review strengths and weaknesses Review of competition Review of distribution
Pages
2 3 4
THREATS AND OPPORTUNITIES OBJECTIVES AND ISSUES MARKETING STRATEGY & ACTION PROGRAMS Introduction The Brand Product Launch
5 6 7
RotiWala
Pakistan. Bread is a major item on a typical Pakistani breakfast menu. However, the concept of flavored/stuffed bread for breakfast is yet to be introduced. Through interviews before the research, we sensed a substantial hesitance in trying the new product however we feel the product has the potential to be well received being a completely new idea. This hesitation would be a serious consideration in the promotional campaign. To further understand breakfast behavior and gain insights on bread consumption, we conducted a survey.
The Research
Our research was designed to aid us decide product specifications, decide which market we want to enter, get insights into consumer buying and consumption habits of bread, to decide the brand positioning and to choose the direction for our promotional campaign. However, we believe that more insights would be found once the product undergoes test marketing and even a better understanding would be gained after the product is launched. Mode of Research Potential customers: We conducted a survey and interviews to attain insights from potential customers. Competitor & Retail: We made visits to superstores, milk shops and bakeries to understand the purchasing cycle for bread and find out the market share for various bread brands and also to forecast sales and decide our distribution and merchandizing strategy. Research Objectives To find out the percentage of people of the target market who consume bread and at what instances. To find out insights into breakfast and bread consumption behavior. To find out the frequency at which consumers buy bread and from where. To decide RotiWalas competitive space. To estimate the acceptability level of the idea of flavored bread in the breakfast market. To get suggestions from the potential customers about flavored/stuffed bread. Estimating the needed investment for developing consumer awareness and trial.
Sample size A total of 109 people were surveyed based on random sampling. A Google form survey was designed that we embedded on relevant face book fan pages such as Olpers fan
page, Tapal green teas fan page and more. Also, we surveyed our friends using face book as our major tool amongst other social media.
Research Findings
Demographics: 62% of people surveyed were males and 38% were females
Participants
Sixty-two (57%) people surveyed were in between 20-28 years. Twenty five (23%) people were above 28years. Nineteen (17%) people were between the ages of 15-20. Two people (2%) surveyed were from 13-15 years.
Breakfast Behavior Q. We asked people to choose their typical breakfast menu from a list of items given.
The table shows that at breakfast, tea is consumed (61%), bread (59%), egg (56%) and milk (37%).Which are the most high consumption breakfast items. Jam/Honey was recorded to have (21%) consumption. Q. We asked the surveyed people to list down the reasons that caused them to miss breakfast.
70% people claimed lack of time as the major reason while. 33% admitted that they cannot have heavy breakfast. Q. We asked people to select from the options to describe breakfast at their homes.
62% mentioned that everyone at their home eats at different timings. 35% said that their mothers cooked the breakfast. 23% people said that every one eats together. 20% said that not everyone at their home has breakfast. 15% mentioned that they prepared breakfast for themselves.
Q. We asked people to rate the importance of the following factors in breakfast: 1=highest importance, 5=lowest importance Taste
Energy Boost
Affordability
Easy to digest
We observed that while taste, ease of preparation, convenience to eat, health, hunger satisfaction and energy boost were considered most important.
6
Easily digestible and fun to eat were comparatively less important factors while; Family bond and affordability were given even lower importance.
The table shows the consumption frequency of bread Level of frequency Once Every day Once in 2 days Once in a week Once in a month Rarely Bread insights: Q. We asked people to mention how they consumed bread. Percentage 30% 13% 15% 4% 13%
45% of the people surveyed said that they had bread with sweet spreads like (jams/honey), while 41% had it with savory spreads (mayonnaise, cream cheese). 26% people said that they dip their bread in milk/tea/coffee where as 28% eat plain bread. Q. Do you Toast your bread?
We found that 49% people toasted their bread while 27% people did not.
35% answered at tea time, while 30% consumed bread at night and 16% at lunch. Openness to try flavored bread:
52% said they would try flavored bread while 33% answered maybe.16% were hesitant in trying the new kind of bread.
40% said they might use flavored bread in their recipies.28% said a definite yes while 7% replied in a clear no to using flavored bread in their recipes. Wanted Flavors:
Chocolate (59%), honey (43%), cheese (68%) and Nuts (32%) were the most favorite of the listed flavors. Bread Brands Consumed:
80% people wrote that they consumed Dawn Bread while 41% had Bake parlor.15% said they had bakery bread. This shows the distinct market leadership of Dawn bread. Place of purchasing bread:
We found through the survey that bread is mostly purchased from general stores (66%), 35% from bakeries and 27% from super markets.
10
Research Analysis
Since taste, ease of preparation, convenience to eat, health, hunger satisfaction and energy boost are most important considerations for breakfast; we would be positioning RotiWala to embody these values. Bread is an essential part of a typical breakfast meal; as shown through the statistics, 59% of the population has bread in the morning. 62% mentioned that everyone at their home eats at different timings, whereas 70% people claimed lack of time as the major reason of skipping breakfast. RotiWala provides bread that is nutritious, convenient (dont need to apply anything but can if want). And something that makes life more pleasant and lets you connects with your family. It is for all members of the family however the bulls eye target audience would be kids (8-18 yrs) and the primary target audience would be youngsters 20-28 years and parents(mothers and fathers). 40% said they might use flavored bread in their recipies.28% said a definite yes while 7% said a clear no to using flavored bread in their recipes. 52% said they would try the bread while 33% answered maybe.16% were hesitant in trying the new kind of bread. Thus generating trial and awareness would be the major concern for the bread. We learnt that 49% people toast their bread while 27% do not. Also the shape of the conventional bread (slices) is easy to fold, apply spreads on and dip in milk/coffee/tea. We would like to keep the design of this flavored bread like regular bread (slices) so that:
11
The target market directly compares flavored bread with plain bread. (As we are targeting the breakfast market). Users can use the bread like regular bread if they want. We would not to inhibit any consumption habits but conduct a research again after the product has been in the market for some time to truly understand consumption behavior of flavored bread. And then if necessary re consider the design of the product.
Product Review
Brand Name: RotiWala Product Category: Flavored/ stuffed bread Product Variants: Starting with three different flavors (coco, walnut and honey) Product Specialty: Nutritious, energy booster, healthy ingredients. Product Form: Soft stuffed bread in slices like regular bread e.g. dawn bread. Product packaging: Plastic wrapper like regular bread but with zip locks to portray premium quality. The promotional content on the packaging would be: Brain games for children and adults alike Nutrition values Colorful packaging with RotiWalas logo and name of the variant.
12
Product Le
Aug Pr
Actua
13
Core
Brand
Values and Personality Functional Benefits
Consumer Insight
SWOT Analysis of ROTIWALA
14
Reason to Believe
Strengths
Weakness
First Flavored bread produced locally Is positioned as premium quality bread at an affordable price Available in 3 different flavors catering to Different tastes and preferences.
Rotiwala will have to build meaningful and creative concept that will have to be readily accepted by the consumers but yet the Fears are still strong as 7% people said they would not try flavored bread and 28% people said maybe they would try flavored bread. Our Brand is a new brand and brand loyalty is developed over years
Opportunities Soft and plain bread has become an essential part of our daily routine Bread is consumed in breakfast, lunch and Dinner Consumer tastes and preferences change with time and they need a variety of flavors There is a lack of awareness and availability of such bread
Threats Dawn's monopoly in market There are high chances of failure Pakistan's economic instability is a major threat.
15
A Review of Competition
The review of our competitors is a very comprehensive exercise that requires mapping of all the present and potential (new entrants) competitors in the market. It is important to have a clear understanding of the alternatives from which the potential customers can choose. Therefore Rotiwala will also assess the competitive environment in which they will operate and the competitive advantages/benefits they will have in their flavored bread eaters target segment. It involves reviewing competitors Marketing Mix Strategies in detail. Questions that will be thoroughly analyzed are: 1. 2. 3. 4. What are the competitors product offerings; product features, benefits, What are the promotional strategies competitors are undergoing, which What are the places the competitors are targeting, what is the supply chain What is the price that competitors are charging from the customers? competitive advantages and USP? marketing tool are they employing? of the competitor?
Competitor Analysis includes both direct and in indirect competition: Direct competition: Direct competitors are all those firms who are likely to gain or lose a substantial share of customers from each other over time because they serve the same customers and offer the same benefits. For RotiWala, the direct competitors are all those breads that cater to the breakfast meal. Since there is no brand offering flavored bread, the direct competition would be all plain bread brands. DAWN is the biggest player and then comes Bake Parlor and then bakery prepared breads, as per our research. These plain breads may venture into flavored breads and may start giving the same value to the consumer.
16
Indirect competition: Incorporates all other eatables that would be consumed during breakfast or tea time hours for example: cup-cakes buns biscuits muffins donuts However the above mentioned are not consumed as much as plain bread at breakfast, we see a better profit potential by stepping into the breakfast market. Thus the above mentioned cakes are indirect competition for tea time rather than breakfast.
Manufact urer
THE WAREHOUS E
THE DISTRIBUT OR
RETAILER 17
SHORT TERM OBJECTIVES To generate high sales through various promotional tools To create preference among the buyers.
ISSUES If DAWN or other big indirect competitors were to introduce their version of flavoured bread then attaining 25% of market share objective of in 3 years could take longer than expected. Creating and maintaining brand equity could also pose few issues but those too would be covered over strenuous promotion under the marketing strategy; positioning the brand in the consumers mind in a unique and creative way. How will we counteract to price and promotional wars by big giants as we will be a new and not so well established firm/company.
18
Promotional Strategy
RotiWala would be introduced in the market as an innovative, high quality and rich brand. All communications made by the brand would position it in line with the positioning in the brand key. RotiWala would have engaging BTL activities mainly for the core target audience (kids 8-18yrs). However the ad campaign would be made to appeal to all members of the family. Values communicated would be nutrition and health, goodness of life, family bond, convenience, energy and happiness and of course the differentiated luxurious taste. Following are the objectives of the communication campaign: Increasing awareness of the brand and establish its unique positioning. Focus on value delivered and USP. Generating trial and acceptance of the idea. Constant hype around the brand and constant engagement of the target audience.
19
Pre Hype Since the concept of flavored bread for breakfast is new, the cognitive stage is crucial. We want to create hype around the brand to generate interest and awareness that goes viral through publicity, internet and word of mouth. The Big Idea: Who is RotiWala?? Promotional Mix: Billboards, internet marketing, publicity on TV and radio Pre-hype-Phase 1: Billboards: We would advertise statements on billboards to trigger the viral publicity and word of mouth such as: Rotiwala has broken the rules Rotiwala is coming to your town Viral Publicity People talking on TV, radio, internet (blogs) about the new enigma,Roti Wala. Online: Make Website for RotiWala
Make RotiWalas face book fan page Blogging Run interactive Banners
The online medium would play an important role in the spreading of the viral idea. We would make interactive banners that would ask people to guess who RotiWala is. These banners would lead the audience to the website and the facebook page .This is to generate leads and data bases of the target audience. When later the idea is exposed, we would start engaging these audiences online.
20
Pre-hype, Phase 2: Phase 2 would be a step ahead of phase1.The viral WOM and publicity will further is triggered by controlled rumors that would be leaked through various opinion leaders on TV, radio and bloggers. These rumors would be similar to e.g student biryanis story. The poor man who wowed people with his amaizing biryani and went big. This stage would be supported by internet marketing and create more traffic on the facebook page and RotiWalas fanpage for people who seek to solve the RotiWala mistery. Later in Phase 2, the countdown will begin... Phase3, Launch: In phase three, the Ad will be launched on TV as well as uploaded on the website and the fan page. The website would become operational and the following BTL would be supported on the online medium. People would be exposed to the RotiWalas innovative idea, teaser billboards would be replaced by RotiWalas ads. Also,the engagement on the website would begin.. BTL Launch: Activation by RotiWala would take place that would be covered on TV as well as on the website and official fanpage of RotiWala. BIG IDEA: RotiWala would be hosting breakfast at different schools, colleges and universities. BTL Activations at (Launch) Nashta at colleges and universities: RotiWala would go to certain schools, colleges and universities. Set up for 2 days and provide free breakfast. (RotiWala bread variants with tea coffee milk etc.) A list of places Rotiwala will be going to would be published on the official page and website of RotiWala. The videos of each visit would be uploaded on the website as well as followed on TV, news channels. This would allow the TA to experience RotiWala and generate trial. Awareness would be created for audiences at home too. Alliances: Create alliances with offices and companies that offer breakfast and other meals to serve RotiWala at breakfast. Also, teach them how to use bread in recipes such as deserts etc.
21
This would make people with the buying power get used to the flavor while they would be bombarded with messages about the nutrition factor of the tasty bread on TV ads Media MIX: Publicity and PR Celebrities talking about RotiWalas new idea, its taste and nutrition. As RotiWala goes to schools, the event would be covered on TV, radio and online and further cause spillover publicity. Online
There would be a website and facebook fan page for Rotiwala. The website would have descriptions of the bread flavors, nutrition content and how they are made.(usual website content).Also: Tabs showing how to use the bread in different fun ways. Online voting for new flavors: When RotiWala would want to introduce a new flavor after some time of the launch, options would be made available on the website and people would be able to vote for what they want. There would be activities to engage the younger audiences and encourage families to buy more RotiWala.
Activities, Games and Competitions on websites: Art work competitions to design packaging: Designs would be submitted on the website and fan page. The winning designs would be selected through votes of the fans. Every week or every month the winners design would be used for the packaging This would increase fans on the fan page and increase traffic on the website. This would also induce purchase. Brain games: There would be brain games on the back of the packaging such as puzzles etc. These games would be solved on the website to participate in the weekly contests. The winners would be announced on facebook or could be printed on the packaging. The winners would win prizes every week. This would increase fans on the fan page and increase traffic on the website. This would also induce purchase.
22
Picture competition: Where parents can send pictures of their children eating the flavored bread in different fun ways. The winners picture would be printed on the packaging and be announced on the website. All these activities and the website would be promoted on TV; on cartoon channels such as Cartoon Network and Nickelodeon. TV The official Advertisement for RotiWala would run on various channels to be exposed to all target audiences. Publicity would be through TV at Pre-hype as well after launch. Radio Ads would be run on radio and radio would be used in the viral publicity. Magazines RotiWala Ads would be placed in Magazines. Merchandizing In store advertising to promote RotiWala at point of sale
23
Can be eaten in a number of ways Convenience A good substitute to bread and jam
Budgeting
MILK SHOP
Sma ll 1825 Mediu m 50-60 Larg e 8090
RETAIL OUTLET
Sma ll 1525 Mediu m 60-80 Large 140160
24
Malir Cant SITE Korangi Liyari Liaqut a bad Gulshan - E - Iqbal Gulistan - E - Johar Karima Bad New Karachi/North Port Qasim Hubco Hawksbay Shahfaisal Colony Gulshan - E- Noor Landhi Baloch colony II Chundrigar Road Others TOTAL
300 200 150 400 250 400 600 650 400 690 210 150 100 400 150 400 200 200 1500 10000
Small Type of Outlet Bakery Milk shops Retail Outlets Average sales of bread units in Karachi /day Average sales of bread units / month No. of selling points in KARACHI Average selling price per unit/Rs. Total sales revenue/month Year revenue Units sold per month Sales Revenue per day Units sold per day 18 18 16
Mediu m 35 50 74
Large 70 85 150
57
Research Objective
To calculate an estimate of yearly sales of breads in Karachi; the calculated figure allows us to have an estimate of yearly revenues of our brand and also the available budget for yearly Marketing expenditure. Sample: Sample taken for sales forecast include 3 categories of selling points: Bakeries Milk shops Retail grocery outlets These 3 categories were further categorized as Small, Medium and Large based on their size and inventory turnover. To reduce sampling error, we took three regions for survey which include: Defence/Clifton Gulshan and Gulistan-e-Johar Garden
Methodology We used percentage of sales method to derive Marketing budget for the year. 10% of total sales is allocated for Marketing expenditure. However, for calculating the total sales of our brand, we first found out the total units of bread sold each day in Karachi. Annual Sales revenues of breads sold calculation Taking the average of sales units of Small, Medium and Large size selling points of each category. Once the average of sales units of each category comprising of small, medium and large size selling points was calculated, we calculated an average of all categories to find an average sales units per day of breads.
26
The calculated sales units per day of breads were than multiplied by 30 to find monthly sales unit and further by 12 to find yearly sales units. The annual sales unit calculated was than multiplied by an average price. This price was calculated by taking average of different prices of breads depending on their size and flavor (Mini, Medium, Large, Branded, Unbranded, Milk, Normal, Bran). Hence annual sales revenues were calculated.
Annual Sales revenues of Rotiwala calculation To calculate Annual Sales revenues of Rotiwala, we assumed our yearly market share to be 8%. The 8% of total market gave the figure of total of Rotiwala. On this figure, we applied percentage of sales method and allocated 10% for Marketing Expenditure. Results & Conclusion Annual Sales of Rotiwala are estimated to be Rs.660,480,000. Marketing expenditure for the year is Rs.66,048,000. This is the total budget that has to be used for Rotiwalas IMC campaign through the year.
Controls We will place effective controls to monitor progress and take corrective action for the following key areas Price Wed have to monitor and correct our pricing strategy after approximate three months of the evaluation and trial period so as to better understand our consumers and whether or not theyre willing to pay the price they said they would in the research stage. Wed have to effectively note down all the possible areas where price cuts could be made, the
27
manufacturing process, the distribution channel, or perhaps the ingredients in the products that make up the flavored bread. All of which must be presented in a form to top level management so that effective measures can be made to bring down overall costs for the consumers. Place Researching and collecting data from certain areas where our product is being made available to convert to information that can be made useful to top level management on making decisions that could determine the action to be taken in respect to the situation at hand. Wed have to take into consideration a number of elements that could determine why our product isnt doing very well in a certain area. It could be poor distribution or poor promotion for the area in question and therefore measures must be taken to ensure that all these problems are taken care of and solved quickly so as to improve customer satisfaction in all key areas.
28